Income Statement Service revenue 110,500 Salary expense 44,850 Supplies expense

Q: 7) What is an ESOP? What are the characteristics and rules of an ESOP plan?

A: ESOP stands for Employee Stock Ownership Plan. It is a kind of employee benefit plan that gives the…

Q: pecia

A: Special Journals – Definition Special journals are those that are designed to handle certain…

Q: 8. Describe two major methods to account for byproducts.

A: A by-product is anything that has been created as a result of the production or preparation of some…

Q: please explain 120/360

A: Solution: Interest amount is computed using formula = Principal * Interest rate * time Where time is…

Q: Explain the Rule of 72.

A: In investment and saving management, the doubling period techniques provide the valuation of the…

Q: 10) 11) 12) 13) 14) Explain Dual Aspect concept and provide example. Explain Consistency concept and…

A: 10) Dual Aspect Concept:  Any business transaction is documented in two separate accounts according…

Q: can you also explain what part is a. b. and c. please

A: A budget is an estimate of amount which is prepared by the management for various planning and…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: iii. Do you think the regulatory requirements in Tier 2 should be tightened? Why or Why not?

A: Please note since, the context and industry has not been specified, this question has been answered…

Q: Using the information below, compute the raw materials inventory turnover Raw materials used…

A: An inventory turnover ratio is a type of financial ratio that shows the efficiency of a company in…

Q: Can I have the answer for part iv) and v) please.

A: i) Work in process inventory - Process 2 T-account:   Account     Debit      Credit Direct…

Q: In case where there is a conflict, the requiremnents of Conceptual Framework prevail those of the…

A: SOLUTION CONCEPTUAL FRAMEWORK MEANS THE WAY THE ACCOUNTS IS PREPARED , ACCOUNTING STANDARD BUILD AND…

Q: Please answer sections d), e) and f)

A: Debt Management Ratios are financial metrics that provide insights into a company's ability to…

Q: 321,818 is incorrect. What is the correct answer?

A: Revenue: We consider unit sales and price per unit to determine total revenue.Variable Costs: Based…

Q: Do you agree?

A: Basel norms are the norms which are framed by Basel committee on Banking supervision. These rules…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: 2/120? а. 36 b. 8 С. 24

A: Factors for 152: 1, 2, 4, 8, 19, 38, 76, and 152 Factors for 120: 1, 2, 3, 4, 5, 6, 8, 10, 12, 15,…

Q: What is the answer to part b? Is it -1245? Is the sign negative or positive?

A: The inventory valuation includes two methods named as FIFO (First in First Out) and LIFO (Last in…

Q: Carefully explain the cross-sectional test of the CAPM.

A: The Capital Asset Pricing Model (CAPM) is a mathematical model that describes the relationship…

Q: What is free trade what are its pros and cons?

A: Trade is an economic activity in which buying and selling are involved. It involves buying and…

Q: is part b answered in this?

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

Q: What is Break Even Point?

A: BEP is called as break even point. Formula: Break even point = Fixed cost / Contribution per unit

Q: What happened to questions 4 and 5?

A: 4.Margin of safety in revenue = Actual sales – Break-even sales= (35,000*5.90) – 88,382= 206,500 –…

Q: What is Reiman’s (2001) argument?

A: Arguments is an act or process of arguing or discussing. There are different types of arguments like…

Q: In your own words, briefly describe the Sarbanes-Oxley Act and its purpose.

A: The Sarbanes-Oxley Act of 2002 seems to be a law approved by the United States Congress on July 30,…

Q: The numbers indicate that it would be profitable to accept a special order. Should we consider any…

A: We often see companies receiving special orders for selling a product from some customers. To…

Q: How about the last question?

A: Here,Operating Cash Flow is $63,745Cash Flow to Creditors is $22,100Cash Flow to Stock Holders is…

Q: PFRS 15.

A: Definition: PFRS 15 - Philippine Financial Reporting Standards. It includes Philippine Accounting…

Q: I need professional answer: What is the difference between a ABS and an ABS CDO?

A: Asset-backed securities (ABS) and asset-backed security collateralized debt obligations (ABS CDOs)…

Q: Section 1250 summary

A: Section 1250 of the United States Internal Revenue Code is a rule wherein IRS will tax a gain from…

Q: Over subscription and under subscription

A: Over subscription and under subscription are terms associated with the issue of shares of a company…

Q: Determining current portion of long-term note payable On January 1, Irving Company purchased…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: i did ask for a certain question to be resolved question 2b

A: High low method is used to segregate the semi variable or mixed cost into two separate costs i.e.…

Q: Explain briefly on the misconception about Riba

A: Riba is term that refers to the earnings and assets that are earned through corrupt means. The…

Q: M&M Proposition I and II using your own words.

A: M&M proposition means miller & Modigliani. It consists of 2 propositions. Proposition  I…

Q: developed the IPSASs? d.What are the scopes of the IP

A: International Public Sector Accounting Standards (IPSAS) are a collection of accounting standards…

Q: Please answer section d) only

A: Degree of combined leverage (DCL) It is a leverage ratio that includes the combined effects, caused…

Q: Define OEM and EOM? Give three differences between them?

A: Original Equipment Manufacturer (OEM):An original equipment manufacturer is referred to as a company…

Q: The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows:

A:

Q: 3) What are the functions of FASB, GASB and FASAB? Explain

A: Accounting rules are used for the high quality of financial information.

Q: 4. What is Multicollinearity? a. What are the consequences of multicollinearity?

A: Multicollinearity is a statistical phenomenon in which two or more independent variables in a…

Q: 15. Briefly discuss the following: a. Meaning of ARR and reasons for its continued popularity. b.…

A: ARR is commonly used in capital budgeting decisions to decide whether acceptable or not.

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.